S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10509
 
                           I N  A S S E M B L Y
 
                               May 29, 2024
                                ___________
 
 Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Hunter) --
   read once and referred to the Committee on Labor
 
 AN ACT to amend the general business law, in relation to the  definition
   of construction contracts
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 1 of section 756 of the general  business  law,
 as  amended  by  chapter  417 of the laws of 2009, is amended to read as
 follows:
   1. "Construction contract" means a written or oral agreement  for  the
 construction, reconstruction, alteration, maintenance, moving or demoli-
 tion of any building, structure or improvement, or relating to the exca-
 vation  of  or  other  development or improvement to land, and where the
 aggregate  cost  of  the  construction  project  including  all   labor,
 services, materials and equipment to be furnished, equals or exceeds one
 hundred  fifty  thousand  dollars.  For  the  purposes of this article a
 construction contract shall not  include  any  such  contract  made  and
 awarded  by  the state, any public department, any public benefit corpo-
 ration, any public corporation  or  official  thereof,  or  a  municipal
 corporation or official thereof for construction, reconstruction, alter-
 ation,  repair,  maintenance,  moving  or demolition of any public works
 project nor any contract with a contractor  or  subcontractor  which  is
 part  of  such project; or any such contract the purpose of which is the
 construction, reconstruction, alteration, repair, maintenance, moving or
 demolition of an individual one, two or three family residential  dwell-
 ing or a residential tract development of one hundred or less one or two
 family  dwellings,  or  any  residential  construction project where the
 aggregate size of such project is four thousand five hundred square feet
 or less, or any residential project [of fewer  than  seventy-five  units
 which  receives  financial  assistance  from the federal government, the
 state or a municipal entity designed for households earning  an  average
 of  one hundred twenty-five percent of the housing and urban development
 agency area median income] THAT INCLUDES  OR  WILL  INCLUDE  RESIDENTIAL
 DWELLING UNITS THAT MUST BE AFFORDABLE TO RESIDENTS AT A SPECIFIC INCOME
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD15695-01-4
 A. 10509                            2
 
 LEVEL  PURSUANT  TO  A  STATUTE,  REGULATION, RESTRICTIVE DECLARATION OR
 PURSUANT TO A REGULATORY AGREEMENT  WITH  A  FEDERAL,  STATE,  OR  LOCAL
 GOVERNMENT ENTITY.
   § 2. This act shall take effect immediately.